On 16 January 2016 Prime Minister Narendra Modi launched “Startup India”, a scheme targeted at building a strong ecosystem to nurture innovation and start-ups in the country. A year on, it is a good time to assess how it has performed. Broadly speaking, the scheme consisted of four types of incen…
Tag: SEBI
As valuations plunge, start-ups asked to shell out more in tax
Startups that have seen marked down valuations in subsequent funding rounds have been ordered to pay tax on the grounds that the first round of investment was made at a premium. The Income Tax department has issued such orders or adjustments in about 100 cases across India between November 30 and…
Focus on raising disclosure norms has benefited IPO market: Sebi Chairman
Securities and Exchange Board of India (Sebi) Chairman UK Sinha on December 15, said the market regulator’s focus on raising disclosure norms, along with a robust economy, has benefited the initial public offer (IPO) market in the country. Sinha was addressing the Association of Investment Banker…
From e-Commerce to fintech & data analytics, Indian start-ups are changing: Indian Angel Network Co-Founder
With the likes of Uber, Co-founder Travis Kalanick, Kotak Mahindra, Managing Director, Uday Kotak, SEBI, Chairman, UK Sinha and Niti Aayog, CEO, Amitabh Kant among others, the TiE Global Summit scheduled to be held on December 16-17 at New Delhi, promises to be the biggest startup event in the co…
Sebi registered alternate funds count touches 268 in four years
Markets regulator Sebi has allowed as many as 268 entities to set up AIFs — pooled-in investment vehicles for real estate, private equity and hedge funds — over a period of more than four years. These Alternative Investment Funds (AIFs) have been registered with Sebi since August 2012…
BSE tightens norms for SMEs shifting to main board
Tightening norms for companies seeking to migrate from its SME platform to the main board, BSE said firms, directors and promoters who have been barred by markets regulator Sebi will not be eligible for the move. Accordingly, companies that are seeking migration from the small and medium enterpri…
Sebi to give a fillip to start-up ecosystem by reducing minimum limit on angel fund investments
Looking to provide an impetus to the early-stage startup ecosystem, markets regulator Sebi plans to reduce minimum angel fund investment for venture capital undertakings to Rs 25 lakh from the current Rs 50 lakh. Sebi may also allow the angel funds to make overseas investments up to 25 per cent o…
VCs seed the best of funds for start-ups
Mumbai: Are fears of a slump in startup investments overplayed? That seems to be the case as funding commitment – from investors to venture capital funds has octupled to Rs 9,469 crore between October 2015 and September 2016 vis-a-vis Rs 984.81 crore in the corresponding months of the previ…
DIPP notifies 100% FDI in more financial services
The commerce and Industry Ministry notified 100 percent foreign direct investment in ‘other financial services’ carried out by NBFCs. The move will help attract foreign capital into the country. “The government has liberalised its FDI policy in Other Financial Services and non-b…
RBI relaxes foreign investment norms in start-ups & fin cos
The Reserve Bank of India (RBI) on October 20 relaxed foreign investment norms in financial services firms, startups and in investments by foreign regulated capital investors. The RBI has allowed 100% foreign investment through automatic route in financial services other than banks or insurance c…